Flash News: American Cancer Society Ventures into Web3 Funding with Gitcoin Grants Stack

By: via GlobeNewswire

SINGAPORE, Nov. 30, 2023 (GLOBE NEWSWIRE) -- OKX Ventures, the investment arm of leading Web3 technology company OKX, has issued updates for November 30, 2023.

American Cancer Society Ventures into Web3 Funding with Gitcoin Grants Stack

Gitcoin's Grants Stack, an all-in-one grants tooling solution represented in OKX Ventures' portfolio, has been selected by the American Cancer Society (ACS) to explore the potential of Web3 technologies for capital allocation and fundraising. This collaboration is a significant milestone for ACS as it steps into the world of Web3 and explores alternative funding channels.

As part of this collaboration, Gitcoin's Grants Stack will provide ACS with a powerful toolkit to support its:

  • ACS CARES: A new multi-channel, customizable program that delivers non-clinical patient navigation support to cancer patients and caregivers
  • Crisis Response Fund: This ACS fund aids people with cancer, caregivers and healthcare professionals during times of crisis

By harnessing the capabilities of blockchain and tapping into the expertise of the Gitcoin community, ACS aims to advance breakthrough cancer research, lodging for cancer patients, promote health equity initiatives and enhance patient support programs.

Gitcoin Head of Impact Azeem Khan said: "By using Gitcoin, the American Cancer Society gains access to a vibrant community of technologists and crypto enthusiasts who are passionate about driving positive change. This partnership combines Gitcoin's expertise in blockchain with the American Cancer Society's commitment to cancer research and prevention, creating a powerful synergistic effect in the fight against cancer."

Gitcoin Steward Council member and OKX Ventures Partner Jeff Ren said: "We're happy to see traditional sectors being empowered with blockchain technology, and proud of the contributions that Gitcoin have brought to the developer community and to society as a whole. This represents a step towards mass adoption and increased positive awareness of the crypto community. OKX Ventures will continue to support these efforts and companies."

This collaboration builds upon the previous success of Gitcoin's technology in the non-profit sector, following a groundbreaking collaboration pilot with UNICEF in 2022. OKX Ventures remains committed to supporting public goods funding campaigns and driving positive change through blockchain technology.

For further information, please contact:

About OKX Ventures

OKX Ventures is the investment arm of the second-largest crypto exchange by trading volume and Web3 technology company OKX, with an initial capital commitment of USD 100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.

Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.

Find out more about OKX Ventures here.


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